Re:Two Executives in Sam Bankman-Fried’s Crypto Empire Plead...
by lolinder on Thursday December 22, 2022 @12:11AM
(#34090074)
That's not at all what OP said:
> Nothing here happened on a blockchain. If it had there wouldn't have been problems.
My response addresses their point exactly. FTT being on the blockchain did not solve the problems, and she is specifically being charged with fraudulent on-chain activity (not just fraud on the edges).
As for the protocols, I don't blame the technology, I blame the culture. The culture that surrounds crypto is uniquely prone to perpetuating scams. That's not the fault of the technologists who started the movement, it's what happened when crypto became a gold rush.
> Nothing here happened on a blockchain. If it had there wouldn't have been problems.
My response addresses their point exactly. FTT being on the blockchain did not solve the problems, and she is specifically being charged with fraudulent on-chain activity (not just fraud on the edges).
As for the protocols, I don't blame the technology, I blame the culture. The culture that surrounds crypto is uniquely prone to perpetuating scams. That's not the fault of the technologists who started the movement, it's what happened when crypto became a gold rush.